Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2016.07.20 14:44

Volume_Weighted_MA_StDev - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 20

Real author:

StatBars TO

The Volume_Weighted_MA indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.

If the standard deviation of the Volume_Weighted_MA indicator is between the dK1 and dK2 parameter values, then a small colored dot appears on the moving average. Its color corresponds to the current trend direction.

input double dK1=1.5;  // Square-law filter coefficient 1
input double dK2=2.5;  // Square-law filter coefficient 2

If the standard deviation becomes higher than the dK2 input parameter value, then the dot size increases. Thus, we get 3 levels of trend strength indication.

  1. Weak — no dots;
  2. Medium — small colored dots;
  3. Strong — big colored dots.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Fig.1. The Volume_Weighted_MA_StDev indicator

Fig.1. The Volume_Weighted_MA_StDev indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

iMFISignAlert iMFISignAlert

Semaphore arrow signal indicator based on the classic Money Flow Index oscillator leaving the overbought and oversold areas, which features alerts, sending emails and push-notifications to mobile devices.

Volume_Weighted_MA_HTF Volume_Weighted_MA_HTF

The Volume_Weighted_MA indicator with the timeframe selection option available in input parameters.

Volume_Weighted_MA_Cloud Volume_Weighted_MA_Cloud

The Volume_Weighted_MA moving average which fills the chart space with a colored background.

Universal trailing stop Universal trailing stop

The Expert Advisor works both in normal mode with one positions, and in the HEDGE mode with multiple positions.